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This beautifully renovated three bedroom home is set in a quiet family friendly street and is already established as a popular short-stay holiday rental with an above market rental return. Perfectly positioned for lifestyle convenience with cafes, cinemas, and Charlestown Square shopping centre in easy walking distance and beaches within a five minute drive. Also, just 2km to the city bypass and access to the M1, and easy access to Newcastle and Lake Macquarie.
-Inviting living/family area filled with natural light
-Functional and spacious kitchen adjoins dining
-Dining area opens to timber entertainers' deck
-Spacious bedrooms with leafy outlooks
-Neat and tidy renovated bathroom
-Beautiful polished timber floors throughout
Alternatively, spanning a generous 1,012sqm block with a 20m frontage this desirable location is primed for multiple uses and all the hard work is done as it is DA approved for five architecturally designed modern two-storey townhouses with strata subdivision. This property's convenient position and R3 zoning allows for a range of opportunities for the savvy investor to reap the rewards of strong capital growth and a high rental yield in Lake Macquarie's growing CBD.
The attained council approval includes the demolition of the existing buildings and the construction of 5 townhouses - two x 2 bedroom and three x 3 bedroom dwellings, designed with extra living areas, walk-in robes and ample parking, as well as balcony views over the Sugarloaf Ranges.
For developers this is a rare opportunity to build in an established and sought after suburb that's currently in the midst of a range of exciting large-scale public and private investments, including the expansion of Charlestown Square, "The Corner" entertainment and eatery, a regional transport interchange, upgraded cycling facilities, and a range of other targeted strategic area upgrades.
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